The insurance covers not only cars and housing, but also means of payment – such as credit cards. Financial insurance applies in case of a lost or stolen card. These products also apply in granting of all types of loans – from mortgage to the consumer credit. Where the insured is unable to repay the loan – for example, because of permanent incapacity to work – instalments are repaid with money from the insurance.
- Insurance covers the effects of a lost or stolen credit or debit card
- The insured does not need to worry – in the event of an accident – about the repayment of loan instalments